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Chief Justice - AvW to pay investors

Published: May 31, 2010; 00:00 · (Vindobona)

The Supreme Court declined a revision. The ruling is regarded as indicative of the current 400 million euro investment scandal.

In October 2008 an investor filed to buy back his certificates at AvW and was turned down like many other investors. He pressed charges (claim for damages) and was heard by the Oberlandesgericht Graz - AvW has to pay the investor, as reported by newspaper “Wirtschaftsblatt”. Nonetheless the group AvW appealed to the Supreme Court (OGH one) who rejected the appeal.

Sticking…

This article includes a total of 133 words.

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